MSFT is consolidating after bearish price action in what appears to be a sideways combination corrective pattern. Regardless of EW count, there are multiple congruent harmonic patterns that if completed will be met with significant trendline resistance, helping to drive price down. List of confluence in PRZ is listed below.
PRZ Confluence:
1. Two Bearish...
The Fibre had a bullish week, printing a green candle every day for a total gain of 190 pips. We have seen mixed data points for both the Eurozone and the US but the main fundamental driver is obviously next Thursday´s FOMC event (interest rate, policy statement and press conference) as market players are preparing their positions. Not only the Fibre was bullish,...
EURJPY has completed a bullish crab and has shown signs of a reversal, opening up a nice potential bullish 5-0 trade opportunity. Entry will be at the 50% retracement of the bc leg with a very confluent target area. Target confluence between missed pivots, 61.8%CD (crab target) and 1.618bc=de (5-0 target).
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
Idea is based on Elliott wave theory and the use of Fibonacci extension ratio confluence. Stochs are used for wave confirmation. More info on the chart. Good luck
Idea is based on Elliott wave theory. Stochastics are used to confirm the wave count. Rationale behind this setup is shown on the chart along with specific target. Good Luck
Here we got a Bat pattern to watch for in the new week to come, the trend is kind of sideways so lets see If the RSI will go over sold (less than 20) for more confluence.
If you are a harmonic pattern trader hit me up, i would like to make a group for pattern traders to support and help each other out for an example.!
Else comments good or bad are very...
Hello and good morning traders!
The first trade today I'm looking at is the EUR/GBP
on the 4hour time frame.
We have a PRZ the markets come up into with FIB
confluence and previous structure.
Our stops are above the swing high above the 1.414%
and looking for targets at a FIB extension at the 127%
with previous resistance becomes new support.
RSI is weakening...
Dear workmates !
Last week, we saw a nice correction of the strong dollar uptrend. This correction may be over for now. USD will probably trend up this week particularly against Yen.
DXY 1D Timeframe View :
We have a strong MACD divergence on 1D timeframe of DXY giving a nice long signal on US Dollar. A falling wedge is forming indicating a nice long term...
Good morning traders,
Today I'm looking at the GBP/JPY on the 4 hour time
frame and have analysed a nice opportunity to short
the market.
We have 2 Fib extensions at previous structure levels,
giving us a nice PRZ. My targets are at the next 127%
at previous resistance becomes new support.
Stops and Targets are in place, let's keep an eye on
this trade...
Good morning traders,
I'm looking for a short here on the EUR/USD 1 hour chart.
We have turned around at the 127% extension with previous
structure and created a nice PRZ.
Waited for the market to pull back into a tweezer formation
and shorted the market in a potential move to previous
resistance becomes new support.
Star Prosper
Philip Stewart
USD/SGD Confluence:
1. 50/60 - 200/250 EMA Crossover in January 2015 indicated a major transition in market sentiment.
2. Measuring the entire symmetrical triangle breakout leg from Summer 2014 to the highs at 1.39 which marked the end of the Quarter 1 of 2015, we can see the .5 - .618 Fibonacci retracement lies at 1.32- 1.30
3. 1.32 was the peak of the...
VIDEO: www.youtube.com
Hello and good morning traders, just got involved
with a bearish bat pattern on the EUR/JPY
Have identified confluence, sell zone, stops and targets.
Please trade at your own risk. Plan your trade and trade
your plan.
Star Prosper
Philip Stewart
Looking at a 60m chart, we can see a lot of resistance at the $235 area, so I think the price will at least retrace that far, then we will have to look for signs of either a bullish trend break or a continuation. The short term trendline looks very steep and is bound to be broken soon, but whether the bulls can hold this trend depends on the intersection between...
BREAK RETEST CONTINUATION PATTERN. PRICE BROKE OUT OF SUPPORT WHICH HAS NOW TURNED INTO RESISTANCE. PRICE HAD TESTED THE RESISTANCE THEN BOUNCED OFF FORMING A INVERTED HAMMER. THIS LEVEL IS ALSO IN CONFLUENCE WITH THE 0.5 FIB LEVEL AND 20 SMA IS WHICH ACTING AS A DYNAMIC RESISTANCE
